Month: May 2022

Notes

Before and after the shipment:

The cost of resources includes the tax costs associated with the attraction of external resources, interest and non-interest costs, and the cost of mandatory reserves.

Trade credit line	MNT	USD	EUR	CNY	JPY
Loan amount	Determined depending on business scale, capital, financial ability and trade turnover.
Trade credit line opening service fee	1% of the credit line amount, up to 1,500,000 MNT	1% of the credit line amount, up to 1,000 USD	1% of the credit line amount, up to 1,000 EUR	1% of the credit line amount, up to 5,000 CNY	1% of the credit line amount, up to 5,000 JPY
Commitment interest (annual)	0%-2.0%
Loan term	up to 60 months
Fee of change to Credit Line Agreements	0%
Application fee	30,000 MNT	10 USD	10 EUR	100 CNY	1,000 JPY
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Conditions	MNT	USD	EUR	CNY	JPY
Loan amount	Within the scope of the trade credit line, it does not exceed the amount of trade contracts and agreements
Loan interest /annual/	Source cost + 2.0%-4.0%
Loan term	Up to 60 months
Service fee	0%
Application fee	30,000 MNT
Prepayment fee (full or partial)	According to the terms and conditions of the foreign bank
Credit database reference fee	For each / citizen, organization / – 1,000 MNT

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Conditions	MNT
Maximum loan amount	The amount of the loan does not exceed 18 percent of the Bank’s equity, and the financing does not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining enterprise.
Loan interest /annual/	(Policy Interest+3%)
Term of loan	Up to 24 months
Service fee	1% of the loan amount or the maximum amount is 1,500,000 MNT
Increased interest	The increased interest rate is equal to 20% of the principal interest rate
Benefits of Changes to the Original Loan Term	0%
Period of exemption from principal	The Credit Committee will decide and may stay for a period determined by the Bank of Mongolia
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

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Requirements for gold-long-term financing loan applicants: Funding should not exceed 30 percent of the amount of gold reserves expressed in MNT in the gold mining company’s licensed area;
The participating gold mining enterprise will use the loan for investment purposes; Participating gold mining enterprise must fully accept the terms of purchasing mined gold from the Bank of Mongolia during the financing period, and will pay in MNT according to the loan repayment schedule;
The debt of the reclassified loan in the name of the ownership of the company is unpaid;
The borrower must have enough cash flow to pay the loan and interest obligations and have qualified collateral.

Credit line	MNT	USD	EUR	CNY	JPY
Maximum loan amount	The maximum loan amount will be determined depending on the size of the business, capital and financial capacity
Loan interest /month/	1.6%-2.0%	1.1%-1.5%	0.85%-1.2%	0.85%-1.2%	0.85%-1.2%
Loan interest /annual/	19.2%-24.0%	13.2%-18.0%	10.2%-14.4%	10.2%-14.4%	10.2%-14.4%
Commitment interest /annual/	2.80%-4.2%	2.0%-3.60%			1.50%-3.0%
Term of loan	Up to 60 months	Up to 36 months
Service fee	1% of the loan amount or the maximum amount is 1,500,000 MNT	0.5% of the loan amount or the maximum amount is 1,500 US dollars and the equivalent in EUR, CNY and JPY
Penalty interest	20% of the base interest rate
Fee for making changes to the original loan terms	0%
Application Fee	30,000 MNT
Credit database reference fee	For each inquiry during the loan investigation /Citizen, Organization/ – 1,000 MNT

Actual cost /annual/: 19.7%-24.5%